Tuesday, March 17, 2015

Sixth Avenue Facades

Facade work is ongoing at 532 Sixth Avenue. The building, last sold ten months ago for $1,512,500, is currently on the market for $3,500,000.

Great and rare opportunity to acquire a vacant 6 family property with extra air rights for expansion opportunity. Wonderful for a user to convert to individual use with high income rentals to cover the mortgage or keep as an investment property. $190,000/yr projected income or possible co-op/condo conversion. (NY Times)

The Times listing has a picture of the building before exterior repairs began, which gives you a good idea of how the building has been kept up. Here are a few snaps I took yesterday.